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Physical stores that offered virtual shopping in the course of the lockdowns had seen a 70% to 80% drop in enterprise since early 2022; online enterprise at food and beverage (F&B) shops had fallen by 50% to 60%. The fast rise of online purchasing is slowing but web retail is here to stay. When it involves online grocery purchasing, simply over 11% of those haven’t any alternative at all.

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The highest shares of internet customers who bought or ordered goods or companies over the web within the 12 months prior to the survey had been recorded in the Netherlands (94%), Denmark (92%) and Sweden (89%). On the opposite hand, fewer than 50% had shopped online in Romania (44%) and Bulgaria (42%). In the 12 months prior to the 2021 survey, 90% of people aged 16 to seventy four in the EU had used the web, 74% of whom had bought or ordered goods or companies for personal use. Online purchasing elevated by 1 share point in contrast with 2020 (73% of web users) and by eleven pp compared with 2016 (63%). The survey finds that whereas 84 per cent of Indian teenagers love purchasing online, sixty seven per cent of them proceed to pay in money and 52 per cent pay utilizing their dad and mom’ debit/credit card.

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Americans spent 18 percent extra on meals, cars, furniture, electronics and different retail merchandise last yr compared with 2020, the Commerce Department disclosed on Friday. In different words, e-commerce lost ground last 12 months to brick-and-mortar stores. Cybercriminals goal internet buyers with discounts on household products.